A drive is the digital camera that harnesses and regulates the electrical energy delivered to the electric motor. The drive feeds electrical power in to the motor in varying amounts and at varying frequencies, thereby indirectly managing the motor’s acceleration and torque.

So the many economical choice would be a Three Stage Induction motor followed by a BLDC electric motor. I would suggest BLDC ( because of its huge marketplace penetration in recent times,simple availability and Electric Drive Motor china easier consumer electronics/control ) or PMSM (Long term magnet synchronous motors )